3/05/2008 @ 6:00PM

In Pictures: Buffett On Management

On Managers And Management:

“Most of [the managers who have joined Berkshire] have no financial need to work. Many sold us their businesses for large sums and run them because they love doing so … Our CEOs’ scorecards for success are not whether they obtain my job but instead are the long-term performances of their businesses. Their decisions flow from a here-today, here-forever mindset. I think our rare and hard-to-replicate managerial structure gives Berkshire a real advantage.”